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Netherlands
Joined May 2023
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$SNDK net income growth is absolutely nuts:
• Q3 2025: $0.1B
• Q4 2025: $0.8B
• Q1 2026: $3.6B
• Q2 2026: $6.9B
In the same period quarterly revenue grew from $2.30B → $6.65B
Overview of 20 Neoclouds and their net debt:
Low:
• $DGXX: -$0.1B
• $SLNH: -$0.1B
• $GPUS: $0.1B
• $HIVE: $0.2B
• $WYFI: $0.3B
• $RUM: $0.3B
• $KEEL: $0.3B
• $DOCN: $1.2B
• $OVH: $1.5B
• $BTDR: $1.5B
• $IREN: $1.9B
Medium:
• $NBIS: $2.1B
• $WULF: $2.6B
• $CORZ: $2.6B
• $APLD: $3.5B
• $GLXY: $4.2B
• $CIFR: $4.8B
• $HUT: $7.8B
High:
• $CRWV: $46.1B
• $ORCL: $132.1B
Anthropic ARR has gone vertical after they cut token prices.
Lower prices > more demand > more compute > bullish AI stocks.
Anthropic's S-1 highlights:
Financials:
• $16.3B H1 revenue (+1300%)
• $131.7B cash
• $974M operating profit
Enterprise:
• 11,900 customers spending $100K+
• 900% net revenue retention
• $10.8B contracted revenue
Spending:
• $8.95B H1 compute expenses
• $265.6B future contract commitments
JUST IN - Anthropic S-1 is out:
→ $16.3B in H1 2026 revenue
→ $80.7 billion net loss
→ Spend up to $120.5 billion on $SPCX & $NVDA computing capacity
→ Cautions that growth could slow going forward
🚨 BREAKING: Anthropic has officially filed its S-1 registration statement for an IPO, seeking to list on the Nasdaq under the ticker $ANT.
KEY TAKEAWAYS FROM ANTHROPIC'S IPO FILING:
Revenue: Generated $16.3 billion in H1 2026 revenue, while reporting an $80.7 billion net loss, largely driven by noncash accounting charges.
Dividends: Does not expect to pay dividends for the foreseeable future.
AI Infrastructure: Expects to spend up to $120.5 billion on SpaceXAI and Nvidia computing capacity.
Google: Expects to spend up to $114.5 billion with Google through 2033.
Growth Warning: Cautions that its rapid revenue growth may not be sustainable and could slow going forward.
One of the biggest AI IPOs in history is officially taking shape.
Elon’s comments on Neocloud financing highlight how just a few will make it as financing gets more difficult.
Having access to financing is a real competitive advantage for Neoclouds.
Neoclouds with the best and worst debt-to-equity ratios:
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
Which photonics stock do you think is the best buy?
• $MRVL at $229
• $AAOI at $68
• $GLW at $124
• $LITE at $756
• $AEHR at $55
• $COHR at $209
• $SIVE at $21
• $BESI at $162
• $LPTH at $7
• $AXTI at $52
• $ASML at $1,572
• $ASM.AS at $783
• $FN at $315
• $VIAV at $30
• $LASR at $36
• $CAMT at $121
• $AIXA.DE at $32
• $FORM at $99
• $IPGP at $71
• $ONTO at $199
• $MTSI at $236
• $MKSI at $197
• $AMS.SW at $21
• $IQE.L at $35
• $LPK.DE at $12
All prices in USD equivalents, rounded.
Let's keep sharing YTDs folks!
In good and bad times. Not just at ATHs. Here's mine:
• 47% YTD
• Prior high: +76%
• Drawdown from high: 18%
How’s Mr. Market treating you so far?
$BE stock is down 🔻-44% from its highs, meanwhile:
• Stellar Q3 + raised guidance
• Revenue $1.2B → $2.0B in FY2027 (45% CAGR)
• Lowest valuation since 2025
I bought the dip today ☺️
$BE Q3 2026 visualized:
• Revenue: $1.24B (+138% YoY)
• Gross profit: $417M (+175% YoY)
• Cost of sales: $819M (+123% YoY)
• Net income: $250M
Revenue streams:
• Product: $1.07B (+179% YoY)
• Installation: $85M (+29% YoY)
• Service: $68M (+15% YoY)
